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the election day, we're going to bring the kudlow caucus together, they're the best minds in business and politics and tonight all cnbc contributors. our top story this evening, just two days until the first debate. romney is totally debate fit in my opinion. he is in fighting shach after demolishing ten opponents in 20 debates. mr. obama on the other hand, he's a bit doughy, i don't think he's in shape for this. and by the way, just minutes ago, north korea accused the united states of plotting to attack it as a steppingstone to dominate asia and has used the word nuclear war. well, how does president obama plan on handling these nut jobs? let me tell you that wednesday's debate, romney is going to broaden his message to include foreign policy. >>> plus we have a surprise increase in the ism manufacturing report. >>> plus again bernanke defends his debt plan. he's enabling the obama treasury to sell trillions of dollars in deficits. >>> hundreds of mexicans are involved in the fast and furious. this is a terrible story, hundreds of mexicans may be involved. should attorney general ho
three stories that happen to break before the election. a leftist new york attorneyy general looking to bash banks and that is as phony as a $3 bill. also a judge strikes down pennsylvania's voter id law and the obama administration is telling companies it is okay to disregard the law when it comes to handing out pink slips in advance to big budget cuts. all three happening before the election. mitt romney has finally put meat on the bones of his tax reform idea. he floated the idea of a $17,000 cap on tax reform reduction. >> you could say everyone is going to get up to a $17,000 deduction. you can fill that bucket if you will and higher income people might have a lower number. >> this is brand new stuff. we have howard dean former vermont governor and candidate. and let's look at this for a second. what do you think? a $17,000 cap on tax deductions for everybody as a way of being fair because the upper end would pay more. what do you think? >> i don't have a problem with the eidea of deductions. here you are. you guys are talking about the private sector all the time. so, i've been
numbers, jack, you can't touch those numbers before they're published. >> larry, look, this election is too important to have it hinge on one number. we got this number of 7.8 today, below where the president came in and we have assumptions. what i wanted to see and there's a real debate about this number. larry, the private sector household number, which is done by calling 50,000 people in the hundred plus million population for workers came in with a number of 873,000 people. that is the highest number since 1983, booming reagan years when you were there. >> i understand. i don't feel like defending bureaucrats left and right, it's not my favorite thing. but these guys, as the labor secretary said, they use surveys and models, it's only a 50 or 60,000 sample but that's nothing new. that's the way it's been for as long as the data is kept. you got 600,000 part-time workers. that was the biggest piece of it, an increase of 600,000 and self-employed went up 118,000 with some other factor, you get your 873,000. now, jack, here's my point. these numbers are subject to huge revisions, ok
. >> es seemed analyst that you are. can you tell me what barack obama's future vision is if he is re-elected? can you tell me from last night's debate what he is going to do? does anybody know? >> i actually thought that was the worst part of the debate. we have 23 million people unemployed, stop looking for work. what does he want to do? he wants to hire 100,000 teachers? first of all do we even know if we need 100,000 teachers? it's puny. it isn't big thinking. he wants to raise taxes. even good kinseyans know that's not the way. it's all small ball stuff that. worked for bill clinton because bill clinton had a raring economy so he could worry about school uniforms and talk about small stuff. where is i the president's big plan? >> where's mitt romney's small plan? >> you heard it last night. he has an entitlement reform plan, tax plan, corporate tax plan, energy plan, trade plan. the president doesn't. and i think it really showed. he imagined he was going to get through this race simply by disqualifying romney. they almost did it during the summer. they came this close. >> hold on a seco
stronger. >>> all right. it's still the economy, even overseas. get this -- as the november election approaches, the economy remains by far the top issue on voters' minds. a recent rasmussen poll shows the economy as very important as to how they will cast their ballot. here is dave goldman and keith mcauliffe. dave goldman, we're going to have to switch this a little bit. bear with me. the new today coming out of iran is potentially very important. as you may know, their currency, the rial, has dropped 40% in the past week. black market currency traders and others are rioting in the streets. they had to bring in special riot police to do this. what's going on? is that country imploding over its money collapse? >> larry, i very much doubt it. the immediate effect of the shortage of foreign exchange is to concentrate power in the hands of the people who have the foreign exchange, namely the regime. no one else has the guns and money to oppose them. the immediate impact will be to convince ahmadinejad and his gang that they need to be all the more aggressive to develop nuclear weapons
Search Results 0 to 4 of about 5